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Re: want2retire post# 271183

Tuesday, 01/23/2024 11:03:30 AM

Tuesday, January 23, 2024 11:03:30 AM

Post# of 278196
<< You back Slinger who, everyone else can see, is a paid basher. >>

That is pure BULLSHIT.

Anyone that believes that someone would be paying another to post the truth about this POS penny stock deserves to lose all of their money.

Please find ONE court case (from the SEC or DOJ) that shows that someone has been manipulating a stock via a message board in order to short it. You won't be able to find even one.

Meanwhile, on the other side there are PLENTY of people that have been convicted of pumping a stock on message boards in order to manipulate the share price higher. Here is just ONE example:

https://www.justice.gov/criminal/criminal-fraud/file/1495711/dl?inline

In short, it is a court case again Mr Nielsen who used iHub to pump another stock (ARYC). He was tried and convicted.

Here are a few paragraphs from the court case:

"3. Defendant JASON NIELSEN (“NIELSEN”) was a large investor in Arrayit who, at various times, owned as much as 10% of Arrayit’s stock. NIELSEN frequently posted on public message boards related to OTC securities, including Arrayit. One such public message board was “Investors Hub,” or “iHub.” NIELSEN posted on public message boards using the username “PennyStockAlert,” and frequently posted messages about Arrayit.

The Scheme to Defraud

4. Beginning in or around 2019 and continuing through in or around 2020, NIELSEN engaged in a scheme to defraud purchasers and sellers of Arrayit’s securities by communicating and reposting materially false and misleading information about Arrayit, the existence of genuine supply and demand for Arrayit securities, and the nature of his personal financial stake in Arrayit securities, all in order to fraudulently induce other investorsto purchase Arrayit securities and thereby drive up the stock’s price, and all while NIELSEN simultaneously and secretly was selling his own previously acquired shares at an artificially inflated price."

5. The purpose of the scheme to defraud was for NIELSEN to enrich himself at the expense of other investors by purchasing and selling Arrayit securities through fraudulent and manipulative means.

6. NIELSEN used a variety of manners and means in furtherance of the scheme, including,
among others:

a. “Scalping,” which is a form of market manipulation in which an individual purchases shares of a stock, recommends that others purchase the stock without disclosing his intention to sell, and subsequently sells the stock. NIELSEN engaged in scalping in furtherance of the scheme by making materially false and misleading statements to the public and to Arrayit shareholders about the nature and timing of NIELSEN’s own financial interest in Arrayit securities, at times representing that he was purchasing or holding shares of Arrayit securities he was promoting on iHub when, in fact, he was secretly selling Arrayit securities;

b. “Spoofing,” which is the manipulative and deceptive practice of placing orders to buy and sell securities with the intent to cancel those orders before execution. NIELSEN engaged in spoofing in furtherance of the scheme by placing orders to buy large quantities of Arrayit stock that he intended to cancel before execution in an effort to deceive the public and Arrayit shareholders by signaling the existence of demand for Arrayit securities which did not exist, and to allow NIELSEN to sell his shares at artificially inflated prices;

c. Using his iHub account to disseminate false, positive news and information about Arrayit and the release of Arrayit’s financial reports; and

d. Concealing, through false and misleading statements, NIELSEN’s scheme to defraud purchasers and sellers of Arrayit’s securities and the market at large, and to illegally profit from the proceeds of the scheme"

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